Kampala, Uganda – SBG Securities Uganda Limited, a subsidiary of Stanbic Uganda Holdings Limited (SUHL), has been crowned Best Performing Collective Investment Scheme (CIS) Manager for 2024, solidifying its position as a leader in Uganda’s capital markets sector.
The accolade was presented during an awards ceremony organized by the Capital Markets Authority (CMA) Uganda at the Sheraton Hotel, Kampala, under the theme “Innovate, Trust, Grow: Driving Financial Inclusion through Unit Trusts.”
Receiving the award, Grace Semakula, Chief Executive of SBG Securities, noted the firm’s commitment to client-centered investment solutions.
“We are excited to see our efforts gaining recognition. At SBG, we are driven by passion in ensuring that our clients get the best value for their investments,” she said. “This is in line with our commitment as Stanbic Uganda to driving Uganda’s growth.”
The event brought together sector stakeholders including unit trust managers, trustees, investor educators, and financial regulators.
Delivering the keynote, Moses Ogwapus, Commissioner for Financial Services at the Ministry of Finance, sounded a caution against the lure of unregulated financial schemes targeting young Ugandans.
“We have seen a dangerous rise in Ponzi schemes and betting habits that rob our youth of their savings,” Ogwapus warned. “These are not investments but speculative gambles. Collective Investment Schemes offer a trusted alternative for capital growth, helping individuals and the nation build a more stable financial future.”
SBG Securities launched its flagship Stanbic Unit Trust (SUT) fund in June 2024, offering Ugandans the opportunity to pool funds and benefit from professional asset management.
“We designed the Stanbic Unit Trust to allow every Ugandan, no matter their income bracket-to grow wealth through structured and regulated channels,” said Francis Karuhanga, SUHL Chief Executive, at the fund’s launch.
For a 2% annual management fee, the SUT fund grants investors access to curated portfolios backed by the Standard Bank Group, Africa’s largest commercial bank by assets.
Josephine Ossiya, CEO of CMA Uganda, emphasized the sector’s rapid expansion.
“The CIS market grew to UGX 4.2 trillion as of March 2025, up from UGX 2.8 trillion the previous year,” she said. “Fund accounts rose by 12.8%, reaching 129,000. With as little as UGX 100,000, any Ugandan can now begin their investment journey.”
The number of licensed fund managers has risen from 9 to 12, and unit trust schemes expanded from 17 to 22, reflecting increased investor appetite and trust in Uganda’s regulated investment ecosystem.
As more Ugandans look for secure investment opportunities in a volatile economic environment, the recognition of SBG Securities underscores the critical role of regulated Collective Investment Schemes in promoting financial inclusion, wealth growth, and capital market stability.
